G'Day AstoriaI agree with a number of your comments on...

G'Day Astoria

I agree with a number of your comments on Commander, however you have made a couple of comments which require expanding :-

(a) I can assure you that the vast majority of Commander's high-performing sales and technical staff have left and I cannot see how they will get anywhere near their second half forecasted number given the volume of recent high performing staff departures. Whilst it is correct to say that Commander will cut costs by removing under-performing staff, you need to add that "under performing staff" is basically all they have left.

(b) I do not believe that Amanda has confirmed that Commander will hit their forecasted first half number. If she has, I'm happy to stand corrected. Can you point me in the direction of the article where Amanda has confirmed that.

I believe that within the next few weeks Amanda will make a statement commenting on what she believes the full year number to be and I expect that number to be a significant reduction in the forecast made by Adrian before he left.

Given the above scenario, I sincerely doubt that we have seen an end to the run on Commanders share price. Hopefully I am wrong, but I just don't see any reason for share price optimism with Commander at the moment.

Regards

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